Students who attended 10 elite schools accused of price fixing are now getting payments from a $284 million settlement
Current and former students from 10 elite universities are receiving settlement payments averaging $2,000 each. This follows a 2022 antitrust lawsuit that accused the institutions of participating in a price-fixing cartel regarding financial aid.
Why it matters
The settlement highlights legal accountability for elite educational institutions regarding financial aid practices and student affordability.
Payments started going out to current and former students who attended schools involved in a financial aid settlement. Joe Buglewicz/Bloomberg via Getty Images Current and former students of 10 elite schools are receiving payments from a $284 million financial aid settlement. Recipients are expected to receive an average of $2,000. It follows an antitrust lawsuit that accused schools of participating in a "price-fixing cartel." Check your bank account: you might be a couple of thousand dollars richer. On July 20, the first batch of payments to current and former students who attended 10 elite schools was distributed from a $284 million settlement.
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